FOMC minutes: Many emphasized cost of doing too little

In the minutes of September 20-21 FOMC meeting, it’s noted that with “broad-based and unacceptably high level of inflation” and the “upside risks”, participants remarked that “purposefully moving to a restrictive policy stance in the near term was consistent with risk-management considerations”. Further than that, “many participants emphasized that the cost of taking too little […]

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